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Govt further slashes LPG prices

  • 2 min
The Oil and Gas Regulatory Authority (OGRA) has reduced Liquefied Petroleum Gas (LPG) prices by Rs3.87 to Rs234 per kilogram, effective immediately. This is a result of reduced production costs and the arrival of imported LPG shipments. Additionally, petrol and diesel prices are expected to decrease by Rs 5 and Rs 4 per liter, respectively, starting from June 1st.
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Inflation rate to drop further in Pakistan

  • 2 min
The Ministry of Finance's monthly economic report forecasts a further decrease in Pakistan's inflation rate, which is anticipated to range between 13.5% and 14.5% in May. The report highlights ongoing negotiations with the IMF for a new loan program, emphasizing its importance for stable policies and increased investment. Additionally, the report notes a 6.25% increase in agricultural production and emphasizes the importance of consistent policies for economic stability. Weekly inflation, as measured by the Sensitive Price Indicator, has seen a sixth consecutive decrease, with price fluctuations observed across various items.
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Gold rates drop further in Pakistan

  • 2 min
Gold rates dropped in Pakistan, with 24 karat gold decreasing by Rs.1,800 per tola to Rs.218,200, and 10 grams of 24 karat gold decreased by Rs.1,543 to Rs.187,071. The price of silver also declined. Internationally, gold was sold at $2,067. The Pakistani rupee gained against the US dollar, settling at 281.67. FBR finalized a tax scheme for retailers.